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AP MICROFINANCE LAW
After five-year hiatus, mutual funds turn to investing in microfinance companiesLoans disbursed to women groups (clusters) carry better weightage as their repayment rates are higher than the men clusters.- SKS Microfin poised to make a clean break from the pastNet profit for four consecutive quarters after bleeding for seven, is an achievement in itself for a company that was written off.
- SKS Trusts may contest rejection of berth on Microfinance board by approaching CLBSKS Trusts, which was denied a berth on SKS Microfinance Limited Board, said it will look at approaching the Company Law Board.
- HC dismisses petitions against AP MFI Act, state unlikely to repeal ActThe AP state High Court on Monday dismissed MFIs' petitions challenging the AP Microfinance Act.
- Rs 342 cr service tax notice slapped on SKS MicrofinanceThe service tax authorities served show cause notice asking it to cough up Rs 34.24 crore as tax, at a time when the company pruned losses.
- SKS Microfinance barred from doing business in Andhra Pradesh's Mahabubnagar DistrictAP govt has cancelled the registration of SKS Microfinance to conduct business in Mahabubnagar District in the state for not following rule...
- Changes in draft Microfinance Institutions Bill shocks the microfinance sectorA last-minute change in the bill to govern microfinance institutions has sent banks and the industry into a tizzy.
- Hostile Andhra Pradesh forces SKS microfinance to shift base to MumbaiPut off by stifling rules & a hostile business environment, SKS Microfinance will move its headquarters from Hyderabad to Mumbai.
- SKS suffers Rs 428 crore loss, income falls to Rs 83.82 croreSKS Microfinance has posted a net loss of 428 crore for the December quarter, showing wounds from various blows it has had to endure in And...
- 10 million poor rural borrowers in AP may soon be labelled defaultersMillions of rural poor borrowers in the state are running the risk of losing access to formal credit.
- SKS Microfinance may write-off entire Andhra Pradesh portfolioBeleaguered Indian microfinance firm SKS Microfinance, which has recently decided to write off Rs 678 crore of loans.
- Will face Rs 337 cr risk in case of zero recovery in AP: SKS MicrofinanceIn the event of nil collections in AP, the restructured capital adequacy ratio would drop to 35 per cent from the present 47 per cent, SKS ...
- No fresh MFI loans in AP a year after Microfinance OrdinanceMicrofinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.
- Microfinance institutions want to recast Andhra Pradesh loans, ready to halve rates to 15%It was alleged earlier that microfinanciers were charging exorbitant rates of over 30 per cent, before the crisis started in AP last Octobe...
- Microfinance sector needs urgent policy attentionThe real threat to microfinance is from politicians who instigate loan defaults, promising an inevitable waiver.
- Draft Microfinance Institutions Bill completed, brings organisations under RBI purviewThe Bill defines microfinance services broadly - fin services in small amounts including microcredit, collection of thrift, remittances, pe...
- SKS rises 20% after law empowering RBI to regulate micro finanace sector proposedAnalysts say the main problem with the entire microfinance sector was the Andhra Pradesh MFI Act, the state which accounts for more than ha...
- Malegam report unlikely to end MFIs' woes in APMalegam may have submitted the report on microfinance regulations, but their agony won't just end, thanks to the Andhra Pradesh government ...
- Many ind directors have quit MFIs fearing persecution: ParekhHDFC Chairman Deepak Parekh has decried Andhra Pradesh Government for "hastily" passing a legislation regulating micro lenders.
- AP, Kerala govts seek to regulate NBFCs, MFIsStates want institutions to register under local lending laws.
Load More- HC dismisses petitions against AP MFI Act, state unlikely to repeal Act
